Fed Says U.S. Wealth Fell 38.8% in 2007-2010

Bloomberg – June 12, 2012

The financial crisis wiped out 18 years of gains for the median U.S. househol net worth, with a 38.8 percent plunge from 2007 to 2010 that was led by the collapse in home prices, a Federal Researve study shows.(read full story here)